The Cars Collective strengthen its market presence in India Forecasts demand for Used Cars to increase by 15% in the coming months
The Cars Collective strengthen its market presence in India
Forecasts demand for Used Cars to increase by 15% in the coming months
· All time high of 200% increase in sales of Used Cars in last 6 months
· Launches 4 new stores across Karnataka and Maharashtra
· New Offerings- 5 day money back guarantee, assured buy back
· Full stack model role out for customers enabling easy buying and selling of cars
Bangalore 27th October 2021: The Cars Collective, a used car retail brand of Jubilant Motorworks group(https://jubilantmotorworks.com) today announced that it has launches 4 more stores in the state of Karnataka and Maharashtra .
New facilities have been inaugurated at ITPL road, Bangalore, RMZ Mall Yelahanka Bangalore, Udupi town and Powai Plaza Mumbai . With this, the company has 8 stores in total.; 4 stores in Bangalore city, 2 in Mumbai central suburbs, one each in Mangalore and Udupi.
Speaking on the occasion, Mr. Amit Jain, CEO of Jubilant Motorworks said, “ The Cars Collective recently turned one in September 2021 and has made a mark in the used car retail space since its inception. We are setting new standards in used car purchase experience with offerings such as 5 day money back guarantee, assured buy back etc. Opening these new centres creates easy accessibility to our target customers.”
“Used car sales will see a healthy growth as compared to new car sales as people's buying decision is driven by the want for personal mobility and affordable pre-owned cars. Overall, we estimate that the used car sales can grow over 10% by 2024.At The Cars Collective we have seen 300% increase in the numbers of inquiries andour sales of used cars have also gone up by 200% in the past 6 months. We see this trend only growing the coming months into the new year”, shared Mr. Jain.
Talking more on the business plans, Mr. Jain added, “We are in the process of rolling out the full stack model which will make buying and selling used cars much simpler for customers. This initiative will enable the customers to realise best value for their cars in case they want to sell. For customers who want to buy a used car, our model will allow easy transactions online from selecting the car to ordering a test drive at their doorstep, to booking and making the payment for delivery of the car to their doorstep.The full stack model will be rolled out in the next 30 days. We are also expanding by launching more stores in Karnataka in the coming 2 months.”
About Jubilant Motorworks
Jubilant Motorworks is the automobile arm of the Jubilant Bhartia Group. Jubilant Bhartia Group has a global workforce of around 45000 employees, with strong presence in diverse sectors like Pharmaceuticals, Life Science Ingredients and Drug Discovery Services, Performance Polymers, Food Service (QSR), Food, Consulting in Aerospace and Oil Field Services.
Jubilant Motorworks is the oldest and the largest partner of Audi India with sales showrooms and service workshops spread across the cities of Bangalore, Mumbai, Chennai, Pune, Mangalore, Nashik and Goa
Jubilant Motorworks is also the exclusive dealer for Morris Garages in Bangalore and Mangalore with 7 sales showrooms and 4 service workshops.